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Procedure for Registration of Nidhi Company in Tamilnadu

Long before the organised
financial
Institutions started catering to the credit needs of common
people. Nidhis transact only with their
members / Share holders. Accepting Deposits and lending are
permitted
only with their members / Share holders.
Shares of nominal value of a
Rupee are issued for this purpose. These Shares can neither
be traded
in the Stock Exchange nor sold in the
Market.

“Nidhi” is a Hindi word, which means
finance or fund, It is kind of local credit society in the
form of a company,
here both the lender and the borrower used to be from the
same area. Hence, the
background of the borrower was well known to the lender.
Each loan
granted was fully secured as it was backed by tangible
asset, namely
Gold Jewels or Immovable Property. Financial requirements
for family
functions, children’s Education, Marriages, Medical
Treatment and
property Acquisition and the like could he easily met by the
common man
without hassles because of the presence of Nidhis.

Procedure for Registration of
Nidhi Company

Get Director Identification Number
(DIN) and DSC for
directors.

First Get name Approval in the Form of
Public Limited Company with adding word Nidhi Limited or
Mutual Benefit Company Limited.

File documents for COI of Public
Limited Company Registration in INC-7, INC-22 & DIR-12
with Authorized share Capital of Rs. 10,00,000.

Filing For Business
Commencement.

Submitting details of minimum 200
members to Nidhi board under MCA/ROC.

Ozg Nidhi /
Mutual Benefit Co. Experts

VoIP Text / Phone
#09811415831-37-92-94

www.nidhicompany.com

Email:ask@mutualbenefit.co.in

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Note:As you know, gathering info,
resources and
hiring right services are a competitive process. So, you need
to follow
the basic biz ethics and not send spam emails or not make any
unsolicited phone calls to concerned organization (either gov
or pvt)
with long, unrelated requests for information and support
without
knowing about it in correct manner else, chances of getting
your work
done will be drastically reduced. Also, this will discredit
your
Organization and can bring bad reputation to you as an
individual. Please,
email your exact requirement to: ask@mutualbenefit.co.in for
getting all sorts of information and resources related to
compliance, regulatory and licensing of Nidhi Company by email as
well as on phone for FREE. You may also book an appointment for
in-person meeting with Ozgian (experts at Ozg, find more @ www.ozgian.com) at any of Ozg Rep Office near to your
place.